Absolute Auction - TERMS AND CONDITIONS FOR THE AUCTION
REAL ESTATE TERMS
PARTIES: Emerson Clay Larkin, Jr., Texas Real Estate Broker / Auctioneer, The Auction Way Company of LaGrange, Georgia, Gerald A. Bowie, Texas Auctioneer, Herein After Called Auctioneers.
REPRESENTATIVES: Auctioneers represent the Owner/Seller by separate agreement.
DISPUTES: The auctioneer in charge will settle any disputes as to bids. Auctioneer's decision on such matters will be final.
ANNOUNCEMENTS: Announcements from the auction box will take precedence over the information received from any prior written or oral information.
RESTRICTIONS: Buyer will take title to any property purchased at the auction subject to: Any and all (i) zoning, easements, covenants, conditions, restrictions, leases, rights-of-way, reservations, and any other encumbrances that are imposed by governmental authority, and/or recorded in the real property records and all other official records of the county in which the bid property is located, (ii) all matters appearing on the plat or otherwise common to the property; and (iii) all matters that are visible or may be apparent on the bid property itself.
LIABILITY: All persons who attend the auction do so at their own risk. Neither the Sellers, nor Auctioneers nor any other person connected with the auction assume any liability, legal or otherwise, for any accident which may occur. Auctioneers are acting as selling agent only.
BUYER'S PREMIUM: Five (5) percent Buyer's premium will be added to the final bid on all sales, for the contract's final total.
SURVEY: Seller has and is furnishing a survey. If Buyer needs an additional survey to close, it will be at the Buyer's expense.
TERMS OF SALE: SELLS ABSOLUTE. There are no liens.
REAL ESTATE EARNEST MONEY: Ten (10) percent of total contract price earnest money deposits the day of auction; balance in full due at closing. Escrow Deposits will be placed in the escrow account of Alamo Title Company, in Alvin, Texas, Katherine Johnson at 281-331-5275 titles and closing agent.
CONTINGENCY: There is no contingency for financing, nor any other contingencies. Property is selling "as is" with no warranties express or implied.
CLOSING: Must occur on or within 30 days.
TITLE INSURANCE: At the Seller's expense.
POSSESSION: Possession of premises will be granted at the time of closing.
TAXES: All property taxes and insurance to be prorated as of the closing date.
GUARANTEE: The property shall be auctioned and sold in its present, "as is" condition, with all faults, and without any warranties or representations whatsoever except for a warranty of title in the deed from the Seller to each Buyer. The Warranty Deed from Seller to Buyer is to be executed by both Seller and Buyer, which deed shall specifically state that the Bid Property is accepted by buyer in its present, "as is" condition, with no warranties or representations whatsoever except for the warranty of title set forth in the deed.
SALES CONTRACT: A copy of the contract Buyer will be required to sign is located on our website or by request. This is a legal and binding document. Please review before bidding and be prepared to sign and have earnest money deposit the day of the auction.
EQUIPMENT/GUNS TERMS
HOW SELLING: Absolute, condition "AS IS, WHERE IS, NO GUARANTEES". Vehicles have good titles; there are no liens.
BUYER'S PREMIUM: Five (5) percent Buyer's Premium will be added to the final bid, for total sales price.
TERMS: Payment in full auction day. We will take your good check with a bank letter of credit, made out to The Auction Way Company. We do not take credit cards.
TEXAS SALE TAX: Will be collected where applicable. Local Sales Tax Is 8.25%.
EQUIPMENT CHECK OUT: After the auction, auction day and Saturday 20th, 8:00 A.M. to 5:00 P.M. after that by an appointment. All must be moved by Saturday 20th at 5:00 p.m.
GUNS CHECK OUT: Must pick up guns at Big Kountry Shooting, Eric Kennear, Alvin, Texas; 281-388-1814 you must pass background check and fill out documents required for the transfer of gun to you. If you think that you cannot pass a background check, then do not purchase a gun.
ANNOUNCEMENTS: From the auction box, auction day, will take precedence over any printed information contained herein and/or any other forms of advertisements.
CONTRACT: The real estate and equipment terms stated herein will form a portion of the contract between the buyer and the seller and are binding on both
ALL INFORMATION IN THIS CATALOG OR ANY OTHER ADVERTISEMENTS WAS FURNISHED TO US BY SOURCES BELIEVED TO BE RELIABLE, BUT IS NOT GUARANTEED. BUYERS ARE RESPONSIBLE FOR THEIR OWN FINAL DUE - DILIGENCE.
TEXAS BROKER/AUCTIONEER: Emerson Clay Larkin, Jr., TxRELic # 0278828; TxAucLic # 6035
AUCTIONEER: G. A. Bowie, Tx AucLic # 7237
AUCTIONEER: Mark Bowie, TxAucLic: # 7256
The Auction Way Company
PO Box 1663, LaGrange, Ga. 30240
Gerald Bowie TX Auc Lic # 7237
Gerald M Bowie TX Auc Lic # 7256
800.482.0775
Office 706.884.3062
BROKER
Emerson Clay Larkin Jr.
11201 Morning Court, San Antonio, TX
TX RE Lic #0278828, TX Auc Lic #6035
All of the information in this brochure or any other advertisements was furnished to us by sources believed to be reliable, but is not guaranteed.
